Economics of Tiwai Point smelter still going backwards, Woodward's Kidd says

Tue, 24 May 2016

By Pattrick Smellie May 25 (BusinessDesk) - The economics of the Tiwai Point aluminium smelter continue to slide despite last week's announcement that it will be the largest single beneficiary of proposed national grid payment reforms, says Woodward Partners energy analyst John Kidd. RioTinto-controlled New Zealand Aluminium Smelters was likely to try and plump up its approximately $21 million of savings on grid costs by applying for relief under the proposed "prudent discount policy" that could be applied to heavy industrial users pleadi...

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